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Rolls Phantom Series II at 2012 Geneva motor show

Senior industrialists – and Sir Alan Sugar’s chauffeur – will be cheered by the news that Rolls-Royce has updated its premium luxury vehicle, with the launch at the 2012 Geneva motor show of the Phantom Series II. Nine years after launch, the heavyweight – in so many ways – limousine gets cosmetic enhancements, some fresh new tech and significant tweaks to drivetrain and ‘user experience’, say RR. The new Rolls-Royce Phantom doesn’t look that different, does it?

Exclusive: Laurens van den Acker to replace Patrick le Quément at Renault

The wheels of change are continuing to turn within the automotive design industry, with yet another new appointment being made at the director level. According to industry insiders, Laurens van den Acker is set become the new Design Director at Renault when Patrick le Quément retires later this year. One of the most pre-eminent car designers in the world, Patrick le Quément began his design career at Simca, worked at Ford for 17 years and did a brief stint at Volkswagen before taking the top design job at Renault.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.